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Morgan Stanley flags SharkNinja Q4 sales deceleration, tracking under consensus

Morgan Stanley notes that SharkNinja (SN) U.S. Scanner sales accelerated in the latest 2-week Nielsen period to 12% year-over-year on average. Q4-to-date, SharkNinja sales are up 9%, decelerating vs. the 24% year-over-year in Q3, and tracking below 14% Street domestic sales estimates. The firm has an Equal Weight rating on the shares with a price target of $110.

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